Tesla Motors Inc (NASDAQ:TSLA) chief executive Elon Musk never ceases to amaze us. Today he announced that Tesla Motors is willing to share the technology behind the Superchargers. Tesla Superchargers are plugin stations for Tesla Model S vehicles that can provide around half a charge in only 20 minutes. Musk made this announcement at the U.K. launch of the Model S this past week.
Musk said that he was willing to open up the design in order to build a standard that can be used interchangeably across the industry. This would allow competing electric vehicles to charge at the Supercharger network.
Musk said that anyone that would be looking to use the network would have to embrace Tesla’s free power for life model where the cost of the electricity itself is built into the initial price tag instead of charging on a repeated basis every time someone wants to charge up their vehicle. Competing car companies would also have to help pay for the Supercharger stations, which aren’t too high.